$btc longs
Closing 80% of the trade at b/e for now.
Alright, still very slow pa and Friday's close is coming up.
New York closed and we are still trading inside our hourly range for a full session, tapping range low below and rejecting key pivot situated at midrange. above price.
I am personally not interested nor expecting the range to break during the weekend.
So overall plan remains. I continue to expect us to range in the hourly, break out and move to 66k.
But execution and plan are separate. Where spectators can just draw a line and say "see, it's tracking", when you actually execute, you deal with some emotions, sometimes slow price action, funding rate cost, fees, liquidity hunts and risk of exposure.
So I'm closing the trade here (for 80%). Why 80% and not full? Because my plan remains and thus keeping small leftovers is an execution strategy which keeps you engaged to your plan of execution.
If price just runs for some strange reason during the weekend (very unlikely), then I am still exposed. IT'S Not that 20% of the trade matters a lot. But the psychological aspect ties yourself to adding to the long, instead of being completely frozen out.
I talk a lot about how not missing a move is as important as winning trades opposed to what "trading books" teach us where "patience and staying flat a lot is good". In reality, it actually drifts you out of tune with the market and makes you prone to fomo for longs or shorts (traders biggest enemy). So keeping small leftovers helps you stay engaged.
The trade-off is that 66k has to be a one and done TP and no leftovers for runners if there is no chance to ad. But it's better than being frozen out.
Back next week with the same plan and fresh execution. I'm also keeping eyes for drops during the weekend to pick up price and get a better entry as well if offered.
Until then, keeping most closed during expected slow period.
